Axa Sells 14,400 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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AXA trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 33.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,509 shares of the technology company’s stock after selling 14,400 shares during the period. AXA’s holdings in Jack Henry & Associates were worth $3,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. United Capital Financial Advisers LLC grew its holdings in Jack Henry & Associates by 7.6% in the 2nd quarter. United Capital Financial Advisers LLC now owns 128,427 shares of the technology company’s stock worth $17,199,000 after acquiring an additional 9,030 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Jack Henry & Associates by 1.3% in the 2nd quarter. Bank of Nova Scotia now owns 14,866 shares of the technology company’s stock valued at $1,991,000 after purchasing an additional 185 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Jack Henry & Associates by 684.4% in the 2nd quarter. Captrust Financial Advisors now owns 9,209 shares of the technology company’s stock valued at $1,233,000 after purchasing an additional 8,035 shares during the last quarter. Brown Capital Management LLC raised its position in shares of Jack Henry & Associates by 4.5% in the 2nd quarter. Brown Capital Management LLC now owns 7,219 shares of the technology company’s stock valued at $967,000 after purchasing an additional 313 shares during the last quarter. Finally, Ossiam purchased a new position in shares of Jack Henry & Associates in the 2nd quarter valued at approximately $117,000. Institutional investors own 90.82% of the company’s stock.

Shares of JKHY traded down $0.65 during mid-day trading on Friday, hitting $142.10. The stock had a trading volume of 426,757 shares, compared to its average volume of 381,490. The company has a market cap of $10.95 billion, a PE ratio of 40.37, a PEG ratio of 3.39 and a beta of 0.91. The company’s fifty day simple moving average is $144.86 and its two-hundred day simple moving average is $140.14. Jack Henry & Associates, Inc. has a fifty-two week low of $120.20 and a fifty-two week high of $155.53.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.51%. The company had revenue of $393.50 million during the quarter, compared to analyst estimates of $390.70 million. During the same quarter last year, the firm earned $1.10 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 3.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 9th were paid a $0.40 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 45.45%.

Several equities analysts recently commented on JKHY shares. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Atlantic Securities started coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 price objective for the company. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, ValuEngine raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $151.50.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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